๐๐ฒ๐๐ป๐ผ๐๐ฒ ๐๐ฑ๐ฑ๐ฟ๐ฒ๐๐: ๐ ๐ฉ๐ถ๐๐ถ๐ผ๐ป ๐ณ๐ผ๐ฟ ๐ฎ๐ป ๐๐ป๐ฐ๐น๐๐๐ถ๐๐ฒ, ๐๐ฎ๐๐ฎ-๐ฃ๐ผ๐๐ฒ๐ฟ๐ฒ๐ฑ ๐๐ฟ๐ฒ๐ฑ๐ถ๐ ๐๐ฐ๐ผ๐๐๐๐๐ฒ๐บ ๐ถ๐ป ๐จ๐ด๐ฎ๐ป๐ฑ๐ฎ
At the CRBA Symposium, Mr. David Kalyango, Executive Director Supervision, Bank of Uganda delivered the keynote address, in which he highlighted Ugandaโs progress in financial inclusion, driven by digital payments, mobile money, and supportive regulatory reforms. He reflected on the 2022 CRB Regulations, which widened credit data contributions to banks, Tier 4 MFIs, SACCOs, utilities, and semi-formal/other lenders, enabling richer borrower profiles, better risk assessment, and responsible lending.
We noted the following, ๐ธ๐ฒ๐ ๐ฝ๐ฟ๐ถ๐ผ๐ฟ๐ถ๐๐ถ๐ฒ๐ for an inclusive credit ecosystem include:
1. Expand full-file reporting across diverse data sources to improve inclusion and risk-based lending.
2. Strengthen identity-linked credit data using NIN for accurate verification and borrower tracking.
3. Integrate government program data (e.g., PDM) to help underserved groups build credit histories.
4. Increase SACCO and registered society participation to capture grassroots financial activity.
5. Use alternative data (mobile payments, savings groups, agent networks) to close gender and youth gaps.
6. Prioritize consumer protection through strong governance, transparency, and redress mechanisms.
7. Enforce data privacy compliance with consent-driven, secure data usage under the Data Protection and Privacy Act.
Mr. Kalyango called for a coordinated national effort to build a trusted, data-driven credit ecosystem that expands access, supports responsible borrowing, and ensures inclusivity for all Ugandans, including farmers, youth, women, refugees, and micro-enterprises.